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REGISTERED NUMBER: 05171406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

KA Tooling Ltd

KA Tooling Ltd (Registered number: 05171406)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KA Tooling Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A Hill





REGISTERED OFFICE: Unit 2 Ash Court
Walker Road
Hill Top Industrial Estate
Coalville
Leicestershire
LE67 1UD





REGISTERED NUMBER: 05171406 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

KA Tooling Ltd (Registered number: 05171406)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 275,453 118,012

CURRENT ASSETS
Stocks - 12,000
Debtors 5 165,860 157,464
Cash at bank 77,834 64,327
243,694 233,791
CREDITORS
Amounts falling due within one year 6 216,450 182,802
NET CURRENT ASSETS 27,244 50,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,697

169,001

CREDITORS
Amounts falling due after more than one year 7 (251,782 ) (131,217 )

PROVISIONS FOR LIABILITIES (50,145 ) (20,074 )
NET ASSETS 770 17,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 670 17,610
SHAREHOLDERS' FUNDS 770 17,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KA Tooling Ltd (Registered number: 05171406)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





A Hill - Director


KA Tooling Ltd (Registered number: 05171406)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

KA Tooling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KA Tooling Ltd (Registered number: 05171406)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 985,586
Additions 252,440
At 31 July 2023 1,238,026
DEPRECIATION
At 1 August 2022 867,574
Charge for year 94,999
At 31 July 2023 962,573
NET BOOK VALUE
At 31 July 2023 275,453
At 31 July 2022 118,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 109,056 139,489
Other debtors 56,804 17,975
165,860 157,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 34,024 20,000
Hire purchase contracts 59,863 26,153
Trade creditors 65,163 83,043
Taxation and social security 54,874 51,890
Other creditors 2,526 1,716
216,450 182,802

KA Tooling Ltd (Registered number: 05171406)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 77,954 52,478
Hire purchase contracts 173,828 78,739
251,782 131,217

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 77,954 52,478